Alkane Resources Ltd · ASX:ALK
Alkane Resources — Denver Gold Group Gold Forum Europe 2025
28 slides from Alkane Resources's conference presentation, Apr 2, 2025
Slide 1: Denver Gold Group Gold Forum Europe
Denver Gold Group Gold Forum Europe Nic Earner Managing Director 2 April 2025 © 2025 Alkane Resources
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Alkane Resources Ltd, industry growth or other trend projections. Such s
Slide 3: Company Snapshot
Company Snapshot Tomingley Boda-Kaiser (20Mtpa) FY25: A$1.78B 70K-80K oz Au pre-production capital $2,400-$2,600 AISC Cu 35,600 t From FY27: Au 159,300 oz 100K+ oz Au (pa) (pa for first 5yrs) $1,900-$2,100 AISC A$8.2B A$3.4B free NPV (7%) ~$105M cashflow capital for growth (pre-tax) Au @ A$4,600/oz
Slide 4: Corporate Profile
Corporate Profile Capital Structure Share Price (last 6 months) Ordinary Shares 605 million Share Price (20 March 2025) A$0.63 Market Capitalisation A$381M 12 Month low/high A$0.38/0.71 Cash and Gold Bullion (31 December 2024) ~A$40M Interest Bearing Debt Drawn (31 December 2024) ~A$63M Total Liquid
Slide 5: Recent Highlights
Recent Highlights Establishment of UG mining at Roswell Constructed and commissioned the flotation and fine grind circuit to increase recoveries (targeting +7%) Construction and commissioning of paste plant RSF2 built and operational Completed resource extensional drilling under Caloma Infill drilli
Slide 6: Tomingley
Tomingley
Slide 7: Tomingley Operation
Tomingley Operation FY25-29: ~$105M 455,000-505,000 oz Au capital for growth $1,900-$2,100 AISC over next 18 mths Mine life to 1.5M oz Au 2030+ in resource
Slide 8: Tomingley Operation
Tomingley Operation AEP San Antonio = = Roswell Myalls United San Antonio Myalls United Macleans
Slide 9: Capital Projects
Capital Projects • Paste plant completed and delivering paste underground • Flotation and fine grind completed, optimising circuit • Contract to move Newell Highway awarded, contractor has submitted management plans for approval to regulator (expected H1 2025) • Construction expected to take ~9 mont
Slide 10: 2024-2026: A Transformational Period
2024-2026: A Transformational Period Quarter ending: Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Production Range (ozAu) 18,418 14,852 17,500–20,000 19,000–21,500 20,000–22,500 21,000–23,500 21,000–23,500 23,000–25,500 Milled Tonnes (kt) 264,370 268,614 260–290 260–290 260–290 260–290 35
Slide 11: Roswell Underground
Roswell Underground Levels (looking west) 955 855 740
Slide 12: New Underground Equipment
New Underground Equipment
Slide 13: Paste Plant
Paste Plant
Slide 14: Road Network
Road Network
Slide 15: Flotation & Fine Grind Circuit
Flotation & Fine Grind Circuit
Slide 16: Production Beyond Current Plan
Tomingley Production Beyond Current Plan • Mining has project approval to 2032, this can be extended on application • Open cut reserves exist at San Antonio and Roswell beyond current five-year plan Production • Resources are open at depth under Roswell, San Antonio Drive ~2.5km and both Caloma pits
Slide 17: Production Beyond Current Plan
Production Beyond Current Plan
Slide 18: Boda-Kaiser
oe . rae Boda-Kaiser @ | a ‘A MOO & = ciel f
Slide 19: Geology & Resource
Geology & Resource • ~15M oz Au eq. in resource ALKANE RESOURCES | ASX:ALK 19
Slide 20: Summary Scoping Study Metrics
Summary Scoping Study Metrics Au @ A$4,600/oz 20 Mtpa 17+ years A$1.8B Throughout (2 x 10 Mtpa) Life of Mine Capex (pre-production) 35,611 tpa 159,334 oz pa A$507.5 / oz Copper (first 5 years) Gold (first 5 years) AISC (with copper by-product credit) A$6.2B A$3.4B 36% 10-Year Free Cashflow (pre-tax)
Slide 21: Boda-Kaiser
Boda-Kaiser • Regional exploration opportunities (~$5m pa) • Environmental studies commenced • Further studies to reduce mining costs and assess potential for bulk-tonnage, underground mining • ~15M oz Au eq. in resource • Engaging with potential partners ALKANE RESOURCES | ASX:ALK 21
Slide 22: Looking Ahead
Looking Ahead Further incorporate paste into the mining sequence at Tomingley Optimise the flotation and fine grind circuit together with ore throughput Expand the Tomingley resource base through near mine and regional exploration to extend production beyond 2032 Implement efficiency measures such a
Slide 23: Company Summary
Company Summary Tomingley Boda-Kaiser Substantial cash and increase gold production to 35,600 tonnes Cu 100,000 oz Au (pa) 159,300 oz Au (pa for first 5yrs) ~$105M growth capital over next 18 months A$6.2B 10-Year Free Cashflow (pre-tax) Au @ A$4,600/oz Alkane 3-year payback 3 major projects approve
Slide 24: @alkaneresources alkane-resources-ltd alkane.com.au
@alkaneresources alkane-resources-ltd alkane.com.au
Slide 25: Board and Management
Board and Management Ian Gandel Nic Earner Ian Chalmers Gavin Smith Anthony Lethlean James Carter Non-Executive Managing Technical Non-Executive Non-Executive CFO Chairman Director Director Director Director Dennis Wilkins Simon Parsons Rod Griffith Mike Sutherland Brendan Ward David Meates Joint Co
Slide 26: Successful Explorers
Successful Explorers • Alkane draws on its extensive experience to create value through mineral resource discoveries • Long term well-resourced team • Comprehensive databases • Detailed regional knowledge • Successful at developing its discoveries and will also transact or joint venture for value •
Slide 27: Tomingley Resources
TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES (at 30 June 2024) Tomingley Resources PROVED PROBABLE TOTAL DEPOSIT Tonnage Grade Tonnage Grade Tonnage Grade Gold (kt) (g/t Au) (kt) (g/t Au) (kt) (g/t Au) (koz) Open Pittable Reserves (cut-off 0.40g/t Au) Roswell 0 0.0 3,900 1.7 3,900 1.7 213 San Anton
Slide 28: Boda-Kaiser Resource
Boda-Kaiser Resource Total Boda-Kaiser Grade-Tonnage Curve ALKANE RESOURCES | ASX:ALK 28
Alkane Resources — Denver Gold Group Gold Forum Europe 2025 on 6ix